Stocks Trim Gains On Slower Jobs Growth, Dollar Falls Ahead Of Fed Minutes; Target Rallies, Macy's Tumbles: What's Driving Markets Wednesday?
Stocks Trim Gains On Slower Jobs Growth, Dollar Falls Ahead Of Fed Minutes; Target Rallies, Macy's Tumbles: What's Driving Markets Wednesday?
Wall Street trimmed early session gains on Wednesday after official government data downwardly revised nonfarm payrolls by 818,000 from previous estimates between April 2023 and March 2024. This adjustment suggests that the labor market's strength was not as robust as investors had initially believed.
根据官方政府数据，华尔街在周三初期的涨幅有所收窄，非农就业人数由此前估计的2023年4月至2024年3月的818,000人下调。这一修正表明劳动力市场的实力并不像投资者最初认为的那样强劲。
By midday trading in New York, major U.S. indices hovered slightly above the flatline, with both the S&P 500 and the Nasdaq 100 adding mild gains after snapping an eight-day winning streak on Tuesday. Blue-chip stocks were flat, while small-cap stocks managed to rise by 0.6%.
纽约午盘交易时，美国主要指数仅稍微上涨，标普500指数和纳斯达克100指数在周二打破了八连涨的走势后，略微上涨。蓝筹股持平，而小盘股收益率升至0.6%。
Traders are now eagerly awaiting further insights on monetary policy from the minutes of the Federal Reserve Open Market Committee's July meeting, scheduled for release at 2:00 p.m. ET.
交易员们现在迫切期待联邦储备委员会7月份会议纪要对货币政策的进一步见解，此纪要将于下午2:00公布。
Meanwhile, speculators have increased their expectations of a 50-basis-point rate cut in September, assigning a 32.5% probability to this scenario in response to the downward revisions of the annual nonfarm payrolls. Market participants are fully pricing in 100 basis points, equivalent to a full percentage point, in cuts by the end of the year.
与此同时，由于年度非农就业人数的下调，投机者已经增加了对9月份降息50个基点的预期，将此情景的概率定为32.5%。市场参与者对今年年底降息100个基点，相当于一个完整的百分点的概率已经完全定价。
The U.S. dollar is experiencing its fourth consecutive session of losses, while Treasury yields are dropping on the shorter end of the curve, with the policy-sensitive 2-year note seeing yields tumble by 6 basis points to 3.92%.
美元连续第四个交易日下跌，而国债收益率在短期曲线上下跌，政策敏感的2年期国债收益率下跌6个基点，至3.92%。
Gold is down slightly, off by 0.3%, while oil prices are down 1.2%, with West Texas Intermediate crude projected to close at its lowest levels since early February 2024.
黄金稍微下跌0.3%，原油价格下跌1.2%，西德克萨斯中质原油预计将以2024年2月初以来的最低水平收盘。
Bitcoin (CRYPTO: BTC) gained 1% but remains below the $60,000 mark.
比特币（CRYPTO: BTC）上涨了1%，但仍未达到60000美元的水平。
Wednesday's Performance In Major US Indices, ETFs
主要美国指数，ETFs的表现
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,152.99 | 0.6% |
| S&P 500 | 5,606.52 | 0.2% |
| Nasdaq 100 | 19,747.92 | 0.1% |
| Dow Jones | 40,818.92 | 0.0% |
| 主要指数 | 价格 | 1天%涨幅 |
| Russell 2000 | 2,152.99 | 0.6% |
| S&P 500 | 5,606.52 | 0.2% |
| 纳斯达克100 | 19,747.92 | 0.1% |
| 道琼斯 | 40,818.92 | 0.0% |
According to Benzinga Pro data:
SPDR标普500ETF信托（NYSE：SPY）下跌0.6％至524.01美元。
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.2% higher to $559.67.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) stalled at $408.62.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) edged 0.2% higher to $481.13.
- The iShares Russell 2000 ETF (NYSE:IWM) rose 0.6% to $214.01.
- The Utilities Select Sector SPDR Fund (NYSE:XLU) and The Materials Select Sector SPDR Fund (NYSE:XLB) outperformed, both up by 0.9%. The Financials Select Sector SPDR Fund (NYSE:XLF) lagged, down by 0.4%.
- SPDR标普500 ETF信托（纽交所：SPY）上涨0.2%，至559.67美元。
- SPDR道琼斯工业平均指数信托（纽交所：DIA）停在408.62美元。
- 以技术股为主的纳指100etf-invesco qqq trust系列（纳斯达克：QQQ）上涨0.2%，至481.13美元。
- ishares罗素2000指数etf（纽交所：IWM）上涨0.6%，至214.01美元。
- 公用事业精选行业指数etf-spdr（纽交所：XLU）和材料精选行业指数etf-spdr（纽交所：XLB）表现良好，均上涨0.9%。金融精选行业指数etf-spdr（纽交所：XLF）表现不佳，下跌0.4%。
Wednesday's Stock Movers
股市行情周三动态
- Target Corp. (NYSE:TGT) rallied over 12% on stronger-than-expected quarterly results. The retail giant also witnessed several analysts raising their price target on the stock.
- Macy's Inc. (NYSE:M) plummeted 13% after reducing revenue guidance for the fiscal year.
- Other major companies reacting to earnings were TJX Companies Inc. (NYSE:TJX) up 6.2%, Analog Devices Inc. (NASDAQ:ADI), Dycom Industries Inc. (NYSE:DY), down 8.5%, Keysight Technologies Inc. (NYSE:KEYS), up 12%, Toll Brothers Inc. (NYSE:TOL), up 5.9% and Coty Inc. (NYSE:COTY), up 6.1%.
- Ford Motor Co. (NYSE:F) rose 1.4% after announcing to halt production of an all-electric three-row SUV.
- Target Corp.（纽交所：TGT）因季度业绩超预期而上涨超过12%。这家零售巨头还见证了几家分析师对该股票的目标价提高。
- Macy's Inc.（纽交所：M）股价暴跌13%，原因是降低了本财年的营业收入预期。
- 其他一些主要公司对盈利反应如下：TJX Companies Inc.（纽交所：TJX）上涨6.2%，Analog Devices Inc.（纳斯达克：ADI），Dycom Industries Inc.（纽交所：DY）下跌8.5%，Keysight Technologies Inc.（纽交所：KEYS）上涨12%，Toll Brothers Inc.（纽交所：TOL）上涨5.9%，科蒂公司（纽交所：COTY）上涨6.1%。
- 福特汽车公司（纽交所：F）宣布停产一款全电动三排座SUV后上涨了1.4%。
- Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed's Interest Rate Shift
- 新兴市场债券因美元走弱和美联储利率调整而攀升至两年多高位。
Photo: Shutterstock
Photo: shutterstock